The aim of primary education is to create awareness, secondary education is to impart domain knowledge and tertiary education is to obtain gainful employment. MBA education, which is at the tertiary level, is to create gainfully functioning individuals for the corporate sector who will be required to deliver results on an ongoing basis as otherwise they cannot survive.
Industries today are not fully owned by individual industrialists, but by shareholders - that's you and me. And hence the MBAs who are employed and deployed have to strive hard to earn the 'compensation' which is actually a sort of 'commission' given for the wealth generated by them. Perform or perish are the key words in the industry.
How to perform effectively, efficiently and intelligently will be taught in the best B-schools. Yet, a lot more will depend on the right attitude, competitive skills and personality of the individual. Everyone inherits these attributes depending upon one's background, yet to a larger extent a lot of learning and unlearning will have to be gone through by the students which will be a lifelong process, as otherwise CEOs & MD's will not be going to Harvard & IIMs for upgradation / updating programmes. MBAs will also have to be innovators, and innovation never ends.
Joining the best B-schools cannot guarantee a placement if the students don't work hard dedicatedly, or if they exhibit negative attributes and attitudes, although the brand of the institute may attract great companies to the campus. Similarly, a student from little known institute may get great jobs, if not immediately but ultimately within a short period of time if he has good attitude and earning capacity. The key words here are discipline, dedication and determination.
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Problems are opportunities. Anyone can be a winner notwithstanding where he or she studied. The world is overcoming the recession and India too is ahead in the economic growth. Obviously, the job market is expected to be very good... very soon. Where will they go for finding the managerial manpower? The biggest democracy of the world with the greatest industrial growth will definitely need more and more MBAs. Therefore, obviously post-graduation in management is the right choice.
All said and done, we are going through exciting times. The fact remains that geniuses are made not born. Nothing is impossible, and it is the duty of the B-schools to develop and nurture these competencies. To do that a lot of learning and un-learning exercises need to be gone through which may be painful at times. The dictum: "no-pain-no-gain" not only applies, it is paramount..
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